Enterprise Bancorp Delivers Strong Quarterly Dividend Update
Enterprise Bancorp, Inc. Declares Quarterly Dividend
Enterprise Bancorp, Inc. (NASDAQ: EBTC) recently took an important step in rewarding its shareholders by declaring a quarterly dividend. This announcement is a testament to the company’s ongoing commitment to delivering value.
Details of the Dividend Announcement
The Board of Directors at Enterprise Bancorp has authorized a quarterly dividend of $0.25 per share. This dividend will be distributed on a specific date, further underlining the company's consistent approach to shareholder distributions. Shareholders on record by a set date will receive this benefit, highlighting Enterprise Bancorp’s dedication to its investor community.
Understanding Enterprise Bancorp’s Operations
Enterprise Bancorp operates primarily through its subsidiary, Enterprise Bank and Trust Company, known simply as Enterprise Bank. Located in Massachusetts, Enterprise Bank is focused on attracting deposits from the public while investing in commercial loans and various investment securities. Their comprehensive financial services range from commercial and residential loan products to consumer loans, which cater to diverse community needs.
The Range of Services Offered
Through Enterprise Bank, the company provides a plethora of services including competitive deposit products, cash management services, and advanced digital banking options. They also offer wealth management and trust services to help clients effectively manage their finances and investments. This broad spectrum of services showcases the bank’s commitment to meeting the evolving needs of its customers.
Strategic Market Presence
Enterprise Bancorp's strategic placement leads to substantial community involvement within Massachusetts and parts of New Hampshire. The bank boasts 27 full-service branches strategically located in various communities, making it accessible to many customers. The bank's commitment helps foster local economies and supports residents through financial education and personalized service.
Building Community Relationships
Enterprise Bank not only focuses on maintaining a robust financial service model but also emphasizes community engagement. By participating in local events and initiatives, it strives to strengthen relationships with customers and local organizations. This approach helps ensure that they remain a trusted partner in the communities they serve.
Contact Information
For more information or inquiries regarding financial services, stakeholders can reach out to Joseph R. Lussier, the Executive Vice President, Chief Financial Officer, and Treasurer at (978) 656-5578. His team is ready to assist with any questions about the bank's offerings and recent updates.
Frequently Asked Questions
What is the declared quarterly dividend for Enterprise Bancorp?
The Board of Directors has declared a quarterly dividend of $0.25 per share.
When will the dividend be paid out?
The dividend is set to be paid on a specified date in June.
Who is eligible to receive the dividend?
Shareholders who are on record by a set date will be eligible for the dividend payment.
Where is Enterprise Bank primarily located?
Enterprise Bank operates mainly in Massachusetts and parts of New Hampshire with numerous branches.
What services does Enterprise Bank offer?
Enterprise Bank offers a wide range of services including loans, deposit products, and wealth management services.
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